Estimate the demand of crude oil according to price indicator and the rate of annual in crease in GDP for selected asian countries china, india and Malaysia for the period 1985-2010 | ||
| journal of kirkuk University For Administrative and Economic Sciences | ||
| Article 1, Volume 4, Issue 1, June 2014, Pages 192-215 PDF (830.44 K) | ||
| Authors | ||
| Salam A. Hamed; Esam H. Mohammed | ||
| Abstract | ||
| This research discuss the estimates crude oil demands of Asian cluster states by opec basket crude oil price and annual extra average of gross domestic product indicators, to achieve the purpose of this paier ,researchers are depended on the Asian countries selected such as (chin, Indian and Malaysia ) covering the period (1985-2010). the study becomes some results which are refers that expansion on energy consumptions cause's increase the crude oil consumption at previous period and it will continuous at coming period .The economic growth has dominated roll than crude oil price to make increase in crude oil demands of Asian clusters . the study occurs that multi regression model of crude oil demands by this indicator is less success than simple regression to explanation the significant of crude oil prices to the crude oil consumption of Asian clusters . | ||
| Keywords | ||
| bascket price; crude oil; demand; GDP; Aslan countries | ||
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